Entrepreneur-turned-angel investor Sanjay Mehta has announced a plan to scale India’s startup ecosystem. After investing in more than 130 startups, he has set up 100X.VC, a new venture capital firm that aims to invest in 100 early-stage startups in one year.
100X.VC, which wants to be the first institutional investor in its portfolio companies, will use iSAFE - India SAFE Note . The alternative to a convertible security note is customised for India, and will avoid tedious documentation, cut timelines significantly, and benefit startups.
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- 100X.VC Team
Published on: July 17, 2019